why should other cryptocurrencies stay in the attention shadow of this market, and the corrupt system arround it?
the reasons are somewhat similar to the same reasons why Penny Stocks Market [1] is staying under the shadow of the Stocks Market and the things traded there are small, low value, highly volatile, high risk and usually without a future. add to that the fact that altcoin market is not regulated and easy to manipulate and also the fact that creating an altcoin/token is super easy compared to starting a company and having shares to sell on the stock market! [1] https://www.investopedia.com/terms/p/pennystock.asp
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there are a couple of things you need to consider here. 1. as @Slowdeath said this list is created by Chinese Government! so you should already know it is worthless. 2. the factors it is using for ranking are misleading and somewhat wrong. Technology, Application, Innovation.
lets start with technology. these coins do not have a superior technology on bitcoin to give them higher rank! they are using the same exact technology as bitcoin so if anything the rates should all be equal. but better yet bitcoin should have the highest and since the rest are copying it they should have lower rates.
Application: this rate is high because they consider ICOs as application (and a couple of other things which aren't that many). so when a coin has more of them they give it a high rank. but the problem is that none of them are really "application" they are merely the same copy paste code to create a useless token with a different name but not a different usage. most of them have the same team more or less behind them!
Innovation: this is the worst one in my opinion. most of these projects are copying each other or another project that is not on this list. a copy-project does NOT have any innovation. not to mention that it also contains ETC which is the fork of ETH and they have given it a rather high rate for innovation!!!
also the list must contain some sort of negative aspects too if you want to see all of it. for instance i would give XRP and EOS -100 points because they is centralized and they can take your money anytime they want. i would give ETH -250 points because it is centralized, it has a huge blockchain which makes it impossible to run a node, it has a lot of bugs, it had an embarrassing roll back, more importantly it is not immutable. Stellar -100 because it is also centralized, Monero -50 because of its huge blockchain and the fact that it is still not that easy to use.
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if you are having anxiety because you have bitcoin it is possibly because of either one of these reasons: 1. you don't know what bitcoin is. you just heard about it and got excited to invest in the hopes of getting rich in a short time. you don't know what a decentralized censorship resistance currency means. learn more about bitcoin and you will have less anxiety.
2. you forgot about the first rule of investment and have invested more than you can afford to lose. it is not too late to remedy that. you can always sell a part of your investment so that you have less and you can afford to lose it.
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bitcoin has always been a roller coaster because of it being new and also because the market has been small so whenever there is a surge of adoption (like we had last year) the prices will shoot up with a sharp rise, the bigger the adoption the faster the rise. and with each fast rise there will be a lot of newbies coming in. weak hands + manipulation + small market + need of correction = means a fast and big drop.
in the end that adoption has not gone anywhere. it is still in and the adoption is also still increasing so you may see the drops now but the reality is that we are still rising when you look at the bigger picture.
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no. but what i think will happen is that the market will grow too big. so now you see about 1700-1800 altcoins by that time (maybe 2-3 years) you will see a huge number of altcoins. something like 10000 different one. and 99% of them will be pure shit, basically like now but there will be more of them around.
then it will implode because of the large amount of scams and people will finally learn from their mistakes and stop giving their money away to all the ICOs and shitcoins,... and in a short time (less than 1 year) all the big altcoins on top and all the scam coins will disappear and only a handful will remain.
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of course 60% off is possible and it is easy. obviously not everything you see on the internet is legit but if a legit place with license is doing it then it is a possibility. and the reason is pretty simple, in some countries there is no tax when you buy with bitcoin so they can use that to give a discount on what they sell, additionally only a fool changes bitcoin which can go up 60% in a short time with gold which won't move that much at all. the company can receive these bitcoins, hold them and make a lot of money from this little trade. not to mention that this kind of promotion will increase their customers and revenue by a lot.
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Don't forget that as the "base" block reward decreases at each successive halving... the transaction fees in a block will constitute a larger percentage of the total block reward. So, either the value of BTC will need to increase or the fees will need to increase or the cost of mining will need to decrease to incentivise the miners to continue to mine.
I doubt that option 3 is likely to happen (given increasing difficulty)... so we're left with increase of BTC value or increase of fees... or possibly both?
there is an option #4 which is finding a way to increase the sum of fees in a block which can be achieved by increasing the capacity. if the blocks contain more transactions then the total fees miners get will be higher without needing the fee per tx to go up.
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Tone Vays, trader with a big following,
you mean with a lot of "sheep", what's it called a "herd"? ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) Remember that MOST PEOPLE DO NOT REALIZE A MARKET HAS REVERTED YET. When they realize, the price went way up and they missed the perfect entry point.
it is about the risk. yeah it may look like the drop is over and price is about to rise but can you be 100% sure that this was the bottom and the whales won't manipulate it anymore? of course not. if we lived in a perfect world without manipulation price shouldn't have dropped below $9k in first place. this means missing the "perfect entry point" is better than risk losing money. in any case most of them are already ready for entry. we just need some sort of initiative before we see another $2000 rise in less than 24 hours like this: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FA7kYm61.jpg&t=663&c=0NRwZ-SmtsAlUw)
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trading can also be considered a form of investment but for a shorter amount of time.
which one is more profitable depends on you, your experience and your strategies. for example if you "invest" in altcoin which is basically bag holding, then you will lose money instead of making profit. basically altcoins are good for short term investment because their lifespan is short and their pump and dumps last a short amount of time so you only get in during that short glory time and get out just as fast.
start small, learn how the market works. learn the reasons why the tokens get pumped and try to find them in their early hours so that you can make the most amount of profit. and always make sure to have a good exit plan.
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I don't get your example, the tx is from block 125740 which had 4 txs, the reward, the tx you mentioned and two other tx with 0 feesIn 2011 the limit of 0.01 was there to prevent spam attacks but transactions with higher outputs than that were not affected. And it got removed from the clients altogether later on, as it was an anti-spam feature forced on the users You can see in other blocks from the same period they all pay either exactly the same fee of 0.1 or 0. Back to the price/txfee in sat/usd comparison... Exactly 1 year ago... Price in usd 2500, tx costs on average 2.5$, Now, price 6000, average tx 1$, 6 times less in satoshi terms. So no, there is absolutely no correlation. i am talking about fee in BTC or satoshi not its value in USD. when price was low in USD, the fee in BTC was higher (0.01 then for example 0.0005 in 2012) and as price went up, the fee in BTC decreased to match the value. and the fee has always been there to prevent spam attacks.
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1.Positive mind. We should always think positive whatever happens on the market. 2.Risk Taker. When you enter in crypto world,you should know that it is risky. So you must be a risk taker person. 3.Strategy. During the market crash you should have an alternative strategy on how to earn even a little despite of the market situation. 4.Hope. Do not lose hope. Always think that everything will be alright soon and market will go back to normal. 5.Patience. This is the very important to become successful not only in crypto but in everything we do we need it. Always remember "Patience is the Key to Success"
1&4&5 are basically the same mistake with a different wording. basically you are inviting people to bag hold altcoins they had and ignore the reality while fooling themselves with things such as "hope" and "patience". and that is the biggest mistake that i have been seeing newcomers make in the altcoin market which is why the dumping phase (unlike previous years) is taking this long this year. previously the inevitable altcoin dumps happened fast and clean because majority knew the reality of the market so they acted accordingly but this year thanks to the huge wave of newcomers we are seeing a prolonged dumping phase which is still as inevitable but it takes a lot longer.
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it is because the altcoin market is like Penny Stocks market. there are thousands of useless altcoins such as ETH, XRP,... in that market that people are only using for one purpose: to make profit. and that profit is mainly on their bitcoins. so since altcoins have no other usages apart from fueling the wallets of bitcoin owners whenever there is a price drop in bitcoin everyone abandons altcoins as they are sinking ships.
i don't know if we can call that "supremacy" or "king",... it is just that bitcoin is good and it has real world usage. and that usage is what's giving it value and keeps increasing it in the long run. while others are pure speculation which is why they can't sustain their prices.
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when u mentioned blockchain api, it only caters to BTC only right? Any other API that is more flexible in terms of supporting more coins?
i know they also have ETH wallet but i don't know whether their API supports it also or not. you can always use ShapeShift API though. https://info.shapeshift.io/ it is not a wallet but it is a good service to change cryptos fast and easy. you can still receive everything in bitcoin but accept altcoins through ShapeShift. the user pays the altcoin, the site changes that to bitcoin and gives it to you.
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Will IMF consider Bitcoin as a new currency?
the article and this clear image shows that they consider bitcoin as a currency already. and that is inevitable. as i always say all the countries, all the governments,... will eventually accept the fact that bitcoin exists and is a currency that they can not control. they may be fighting it now but that is a battle they can not win. Also, it's funny how we're getting so much positive news and adoption this year, but still the prices refuse to go up. If this was last year a single positive news pumps the prices by at least 10%.
yeah, that's what i figured also. i think it is mainly because of the market situation that was created. meaning an uncertain market where nobody knows where it is going (it is neither bull nor bear market) which is why only high risk traders and whales are in and everyone else is out with money in hand waiting to find a good entry point to enter.
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"Don’t be a blind bull. ALL markets are cyclical. Don’t be afraid of pullbacks or market crashes – that’s where you can make the most money"[/b]
yeah but when it comes to altcoins the cycle you have in mind consists of a rise followed by a fall that is equal or bigger than the rise where price is capable of coming down lower than the initial price where it began because the nature of altcoins is a pump and dump-y nature.
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It's not just that "might" but rise will definitely come very soon. The opposite reaction will take effect after everything has been stabilized and bitcoin seem to be stable @ $6,100 right now.
at this point i really doubt that we are going to see a stable bitcoin. the only reason why price is here and the market is like this the bear whales are dumping bitcoin and keep on crashing the price to make profit. if price is to become stable they have to stop that and stopping means rise. so if the manipulation were to stop price could shoot up to $7k level and if it really stopped then we would be back at testing $10k resistance in a couple of weeks.
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I think the price will go higher and higher. Bitcoin price vs dollar slightly lower than May. But it will rise, so as the conversion fee or sending from one wallet to another.
When the btc prices increases the transaction fees will also rise and I remember way back in December when the btc prices was above 15k the fees for like 0.1 btc was something like 30$+ and now for 1 btc it is just 2.5$ Fees have no correlation with the price of bitcoin... what @reliable said is not right but in a way there is some correlations between the price and the fees. for example when price was really low ($10 and lower) the fees in BTC were higher (for example 0.01 BTC at some point) but as price went up such fees were unreasonable so they came down. now that price is in 4 digits were paying ~0.00000200 BTC as fees. eg. from 2011 https://www.smartbit.com.au/tx/c0e60912386aefeb6bf6c1b98834cbbb1babc704521057aef27a73631242cbdb
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recaptcha issues are usually because you are using some sort of VPN or proxy that is interrupting your communication with the website. if that is not the case try using another browser on your phone to see if that helps. and you can always use their website on your computer to try and log in: https://www.luno.com/en/loginthere is their help center too: https://www.luno.com/help/en/ but i couldn't find anything similar to your problem also there isn't any ticket service to open for issues. there is only contact links for their facebook, twitter,... at the bottom left corner of the page. although you may find more after you log in.
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Apparently, Mt. Gox doesn't like to sell at lows and only on highs ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) he never sold those bitcoins on any exchanges and when you buy/sell anywhere apart from exchanges you do NOT affect the market. so who cares whether he sells on "lows or highs". you can read the full story here: https://news.bitcoin.com/the-mt-gox-whale-explains-his-crypto-selling-strategy/According to the trustee, he consulted “cryptocurrency experts” during the BCH and BTC sales, and he did not use the traditional method of using a digital asset exchange. as i have always said this from the day this news hit the media, this was 100% FUD to cause panic and manipulate the price. now this latest news simply marks the end of that FUD.
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With over 3 Million client, the exchange platform announced to stop deposits and withdrwawals to rupi and usd due to regulations.
i believe this statement is wrong. first of all they didn't announce to stop deposits and withdrawals. they announced that this MAY happen. https://support.zebpay.com/hc/en-us/articles/360001229125-Zebpay-Announcement-Your-Rupee-Withdrawals-Could-Stopand they did it 2 days ago. their bank still works and their withdrawals are still functional also. second it has nothing to do with USD. it is all about Indian banks and Rupee.
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